Moving Forward to 2030

Latest ugly pictures of Deutsche Bank and its CoCo Bond CoCo bonds are a cross between stocks and bonds designed to help banks absorb unexpected losses. If a bank fails to meet requirements for how much capital it must have relative to its assets, then...

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Beyond Our Imagination

Published on July 13 2016

Contracted sales made from Logan City has been RMB4.4 billion in 1H 2016 In my last post, I brought up the mostly overlooked open position of Deutsche Bank's derivatives. The scary size means to me that only 0.1% of such exposure is equal to the entire...

Average PE : A Share Developers : 23 2202 A Share : 13 2202 H Share : 8.0 H Share Mid Cap Developers : 4.5 Notes on A Share Property Developer Index : 1) Co-relationship with H Share Mid Cap Developers is high. 2) Big gap in between valuation levels is...

30/6/2016 Logan Charitable Foundation announced commitment to donate RMB200 million for the poor. In the function held by Shantou Municipal Government, among others gathered for the "2016 Date to Lighten Poverty", a representative of the foundation made...

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Listen to Benjamin Graham

Published on June 25 2016

Determining intrinsic value of mid cap developers is not so subjective as most may think. Margin of safety provides a cushion against fear. illogical difference will be even up in the future. Supply & Demand picture in Tier 2 cities is pushing up Gross...

Inventory level of new residential unit available for sale, as at the end of 05/2016, was merely about two months' market demand in Nanjing, Suzhou and Hefei. Not to that extreme, similar situation can be identified in Hangzhou, Shanghai and Beijing....

Though in stages, first approval on change of land usage for this giant site, would likely be granted in 4Q 2016. Let us have a look at how 3883 got its development sites in the last 18 months : 2015 Jiaxing Aoyuan Gold Coast Land auction AV1093 One30...

Current P/E Ratio (TTM) 4.51 : Dividend Indicated Gross Yield 6.72% When mathematical structures are good models of real phenomena, then mathematical reasoning can provide insight or predictions about nature. 3883 Securities Buyback Exercise : From...

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CIFI Beijing

Published on June 17 2016

CIFI's projects in Beijing are mostly operated by joint venture companies. GFA presented in the following list are CIFI's share in those projects. In 2015 CIFI invested RMB1655 million in Beijing land market, not that much as most would think. While reading...

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In the Land Market

Published on June 11 2016

The US Stock Market is not of favourable risk and return ratio. Hedge funds might have begun accumulating shorts there. Aoyuan is taking over Aoyuan - Hanlin projects Yulin Aoyuan City Plaza is now a confirmed project First 5 months in 2016 : Additions...